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Nov 22, 2012
11/12
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if you tax everybody that obama is talking about taxing, the most you could cut off the someg insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrative that can be marketed to the masses of people. if you take the tax increases of those making over $250,000 per year, it is a drop in the bucket. 56 billion sounds like a lot of money we're talking about reducing the deficit to something like 1.15 trillion bit of 1.2 trillion. we have to communicate that we have to keep sticking it to them to say that debt is on our children and future and some point the grim reaper will take itack so we have some point when people are hurting bad enough realizing obama has not come in and saved us yet, maybe then they will start listening. >> thank you. me
if you tax everybody that obama is talking about taxing, the most you could cut off the someg insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated...
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Nov 27, 2012
11/12
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FBC
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let's tax the wealthy. well, what is wealthy? sunday that as 10 million in the bank, had a good year. there is not a clear picture of what the definition of that is. melissa: even if they are in daer, but this does not hurt the warren buffett's of the world and that they n't mind it, but a whole bunch of people who have saved for retirement under trying to live off those investments and dividends. it's going to hurt them instead. i don't lose sleep over tha. but we do worry about the much smaller investor, maybe he doesn't impact the market where you think. they share care about this. >> that is entirely reasonable position to take, but it is also a little bit, let's say condescending to think that those people don't know what is best for them. melissa: i didn't say they don't know what's best for them. the amount they have available to investors less. they don't have a lot of extra dollars. >> i wasn't trying to indicate that you were saying that. those people tend to be reacting to the news that obama was reelected in a way tha
let's tax the wealthy. well, what is wealthy? sunday that as 10 million in the bank, had a good year. there is not a clear picture of what the definition of that is. melissa: even if they are in daer, but this does not hurt the warren buffett's of the world and that they n't mind it, but a whole bunch of people who have saved for retirement under trying to live off those investments and dividends. it's going to hurt them instead. i don't lose sleep over tha. but we do worry about the much...
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Nov 25, 2012
11/12
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rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just aren't hiring. kate. >>> mike viqueira at the white house. senator john mccain softened his tone after vowing to block the nomination of u.n. ambassador susan rice to be hillary clinton's successor. he argued that rice damaged her credibility when she said the attack was a spontaneous protest to an anti-muslim video not a planned terror attack. today mccain was asked if he might change his mind about ambassador rice. >> i give everyone the benefit of explaining their position and the actions that they took. i'll be glad to have the opportunity to discuss these issues with her. >>> still ahead, sick and tired of being bullied on the road. how cyclists are taking matters into their own hands. >>> late
rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just aren't hiring. kate. >>> mike viqueira at the white house. senator john...
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Nov 24, 2012
11/12
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KPIX
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. >>> the democrats and super majority are in san francisco and they say they're not going to raise taxes. so what is next? >> i'm not spending 130 million- dollar to make sure that prep 32 did not pass. they're going to look to flex their muscles. >>> a new police chief in south basement what do citizens need to do to keep their cities safe? that will be on eyewitness news starting 7:30. >> we're talking about a lovely forecast that will be remaining for another day or so. >> it seems like it will be hear for the next couple days. for today nice. 72 in santa rosa. 68 in the city. in san jose, 71 today. it will be a beautiful saturday. get out and enjoy it. and we'll see you tomorrow morning. >> you know, there are some ice skating risks open in the bay area right now if you want to partake in that. one of them is by union square. and we have a look at their treat. the 23rd and great tree lighting ceremony took place last night. entertaining the crowds last night, singers from the make-a- wish foundation and the san francisco school of the arts. hundreds of people came out to see the tree
. >>> the democrats and super majority are in san francisco and they say they're not going to raise taxes. so what is next? >> i'm not spending 130 million- dollar to make sure that prep 32 did not pass. they're going to look to flex their muscles. >>> a new police chief in south basement what do citizens need to do to keep their cities safe? that will be on eyewitness news starting 7:30. >> we're talking about a lovely forecast that will be remaining for another...
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Nov 27, 2012
11/12
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KCSMMHZ
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the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country falls over the fiscal cliff, huge cuts to the u.s. military budget will take place automatically -- if the country falls over the fiscal cliff. >> coming up, a new mozart interpretation that uses the latest in animation technology. >> but first, a roundup of stories making news now. the former israeli opposition leader has announced she will return to politics to lead a new party called the movement. the former foreign minister says the party will run in january elections. she described it as an alternative that will push for peace for the palestinians. >> in britain, at least two people have bee
the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country...
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Nov 27, 2012
11/12
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tax rates, most democrats want tax rates for those making $250,000 a year to go up. republicans want it to stay the same, but would limit the deductions and close loopholes. there is a disagreement on who should be considered wealthy warren buffet argues that the timeline for the rich should be raised from $250,000 to $500,000. >> we have been open to revenues closed to loop holes as long as it is the tax reform that broadens the base and lowers rates. >> reporter: framing the debate, a no-new tax rate. many of the republicans signed for a group headed by the washington activist tax person, grover norquist. two prominent senate republicans indicated a willingness to break it over the weekend. but more importantly, will the house republicans feel the same way? >> i will tell you when i go to the constituents that reelected me, it is not about the pledge, but really about trying to solve problems. >> reporter: and brian, that is the problem here despite all the happy talk from senate republicans about the potential for compromising on taxes. the real action is between
tax rates, most democrats want tax rates for those making $250,000 a year to go up. republicans want it to stay the same, but would limit the deductions and close loopholes. there is a disagreement on who should be considered wealthy warren buffet argues that the timeline for the rich should be raised from $250,000 to $500,000. >> we have been open to revenues closed to loop holes as long as it is the tax reform that broadens the base and lowers rates. >> reporter: framing the...
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Nov 23, 2012
11/12
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FBC
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make no mistake, higher taxes are coming but the patriotic millionaires are ok with paying more taxes. last week on "varney and company" we confronted one of those millionaires. keith fitzgerald is after the break. we get his reaction to this. >> did you inherit wealth? >> yes i have inherited wealth but i have also made money on my own. stuart: when you inherited wealth. what about the rest of us who were strivers? [talking over each other] want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of qualittime and personal attention. which is why we are proud to partner wi health care professionals who understand the difference that ality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rat
make no mistake, higher taxes are coming but the patriotic millionaires are ok with paying more taxes. last week on "varney and company" we confronted one of those millionaires. keith fitzgerald is after the break. we get his reaction to this. >> did you inherit wealth? >> yes i have inherited wealth but i have also made money on my own. stuart: when you inherited wealth. what about the rest of us who were strivers? [talking over each other] want to try to crack it? yeah,...
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Nov 21, 2012
11/12
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KICU
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. >>> tax problems and allegations of lavish spending. >> i don't want you to be distracted by what you read today. >> he is referring to an editorial demanding his resignation. the 50-year-old recently filed for bankruptcy. including thousands of dollarss spent on casino visits, luxury hotels and golf trips. the audits are due out in one month. >> football players jeff tedford is out as code can. and the sudden departure of -- sup price announcement. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a
. >>> tax problems and allegations of lavish spending. >> i don't want you to be distracted by what you read today. >> he is referring to an editorial demanding his resignation. the 50-year-old recently filed for bankruptcy. including thousands of dollarss spent on casino visits, luxury hotels and golf trips. the audits are due out in one month. >> football players jeff tedford is out as code can. and the sudden departure of -- sup price announcement. [ laughter ] [...
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Nov 23, 2012
11/12
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not tax e rates. joining me now to talk about it from baltimore, maryland senator ben cardin, good afternoon. >> it's good to be with you, thank yo >> where do negotiations stand right now from your perspective? >> they are taking place at different leve.w that the presi speaker of the housend meeting. i could tell you as a member o the senate finance committee, we've had discussions democratic and republican members of the senate finance committee as to how we could be helpful. but u' hurdle isd revenue. and how we're going to be able to achieve enough revenue to ma work. >> let's talk about this soluti, mentioned in the new york times today, raing tax revenue by taxing wealthy americans, entire income at the current top rate. is tso both sides could agree to? >> i think it's going to be challenging quite frankly. the eni?pasiest way to get ther let the highest rates expire and no go back to the bush rates. if we start dealing with exemptions and can do that but normally we would talk conjunction
not tax e rates. joining me now to talk about it from baltimore, maryland senator ben cardin, good afternoon. >> it's good to be with you, thank yo >> where do negotiations stand right now from your perspective? >> they are taking place at different leve.w that the presi speaker of the housend meeting. i could tell you as a member o the senate finance committee, we've had discussions democratic and republican members of the senate finance committee as to how we could be...
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Nov 21, 2012
11/12
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FBC
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you talked about increasing revenue in the simplification of the tax code. that sounds like closing loopholes but not raising marginal rates which still feels li it is the hill the democrats are willing to die on. >> i think it would be a mistae for them to take an extreme position that they would hold the economy hostage to a higher tax rates. in truth they will hurt the economy and it is not a serious deficit proposal. higher taxes the president proposes only pay for seven days or eight days of washington spending. economic growth, for example, returning to the revenue of 2009 will cut our deficit in half. so if you cuple that with real spending cuts, authentic spending cuts you really have us headed back toward a balanced budget. and if we focus on how we find a bipartisan way to solve the social security and medicare, that is a signal to investors that we have the right track. melissa: so if they came out and said they were willing to do something real to cut spending, especially wen you come to entitlements, would you be willing to then go back and revi
you talked about increasing revenue in the simplification of the tax code. that sounds like closing loopholes but not raising marginal rates which still feels li it is the hill the democrats are willing to die on. >> i think it would be a mistae for them to take an extreme position that they would hold the economy hostage to a higher tax rates. in truth they will hurt the economy and it is not a serious deficit proposal. higher taxes the president proposes only pay for seven days or eight...
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Nov 29, 2012
11/12
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raising more taxes? people are fleeing this city as it is. >> what happened to vallejo, the first california city to go bankrupt in 2008. they actuall did raise taxes. along with that, they told citizens they could decide where the taxes went. so you may see a similar situation in places like san bernardino. tell you, melissa. it will not be the last one. pensions for local government are only 50% funded at this point. you have the situation going on across the state. melissa: you have the situation going on where there are just these liabilities there is no way to pay down the line, right, aaron? isn't that the real problem? >> well the problem is, the local governments, state government has been making promises they can't keep. really not fault of employees or frankly labor unions who will ask all they can get. it is fault of politicians who make the promises without setting aside money to pay for them. state level and municipalities we're paying more a mor money to pensions and retiree health care ben
raising more taxes? people are fleeing this city as it is. >> what happened to vallejo, the first california city to go bankrupt in 2008. they actuall did raise taxes. along with that, they told citizens they could decide where the taxes went. so you may see a similar situation in places like san bernardino. tell you, melissa. it will not be the last one. pensions for local government are only 50% funded at this point. you have the situation going on across the state. melissa: you have...
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Nov 23, 2012
11/12
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>> hopefully, hamas can find a solution for the crossings and for the goods to be imported without taxes, to open the port, to open the crossing with egypt and provide electricity. the siege must end and the people must live. >> an easing of the blockade would be a huge success for the people of gaza. i of hopes are not met, disappointment could quickly boilover into another round of violence -- if hopes are not met. >> for the latest, let's cross over to our correspondent in gaza city. the cease-fire appears to be holding. what are the people on the ground saying right now? >> there is a sense that -- people, of course, first of all are believed that the fighting for now at least is over. people are returning back to life, and schools will be opened they say on saturday. there were more funerals today, but there is also another feeling. a lot of people i talked to are not confident that this is an actual end to the violence. the terms of the agreement are not very clear. people do not really know what this could mean in the future. >> let's talk about those details. as you mentioned, th
>> hopefully, hamas can find a solution for the crossings and for the goods to be imported without taxes, to open the port, to open the crossing with egypt and provide electricity. the siege must end and the people must live. >> an easing of the blockade would be a huge success for the people of gaza. i of hopes are not met, disappointment could quickly boilover into another round of violence -- if hopes are not met. >> for the latest, let's cross over to our correspondent in...
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Nov 27, 2012
11/12
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KPIX
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revenue, but that doesn't mean they support raising tax rates for the wealthy. they support instead, scott, limiting tax deductions for the rich. >> pelley: nancy, thank you. let's run to the other end of pennsylvania avenue where we find chief white house correspondent major garrett. major, what's going on there? >> reporter: scott, the president has asked tim geithner to lead up his fiscal cliff negotiations with congressional republicans. that's a nod to republicans because they prefer geithner over the president's chief of staff jack lew who republicans believe is stridently opposed to big changes to health care entitlements like medicare and medicaid. white house officials insist though geithner will be in the lead, jack lew won't be far from the fiscal cliff talks. >> pelley: major, what is the white house willing to put on the negotiating table? >> scott, just about everything except social security. the president argues that social security is not driving the deficit problem. it has solvency issues of its own but the president wants those dealt with down
revenue, but that doesn't mean they support raising tax rates for the wealthy. they support instead, scott, limiting tax deductions for the rich. >> pelley: nancy, thank you. let's run to the other end of pennsylvania avenue where we find chief white house correspondent major garrett. major, what's going on there? >> reporter: scott, the president has asked tim geithner to lead up his fiscal cliff negotiations with congressional republicans. that's a nod to republicans because they...
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Nov 29, 2012
11/12
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liz: who pays zero income tax? who got away with paying zero income tax? i like to know how you do that. >> 1500 millionaire families paid no federal income tax in 2009. and if you can't figure out a way to capture their fair share, then how else are you going to fix the problems in our tax code? if you can't do this --. liz: i'll tell you. you close all the loopholes. you make one rate or three rates for everyone. make it very simple. so that is, that is a loophole problem. that is not a marginal rate problem. that is not a go attack wealthy people problem and discourage entrepreneurship and discourage people from trying to make money and get ahead and be successful. >> yeah. liz: when you have somebody like warren buffett out there doing this, it is about attacking wealthy people. i just don't think that is what america is about. >> warren buffett himself, among the wealthiest there is so i don't think you can accuse him of class warfare. it is not just about loopholes, melissa. liz: i think i absolutely can. he is mouthpiece for the white house. he come
liz: who pays zero income tax? who got away with paying zero income tax? i like to know how you do that. >> 1500 millionaire families paid no federal income tax in 2009. and if you can't figure out a way to capture their fair share, then how else are you going to fix the problems in our tax code? if you can't do this --. liz: i'll tell you. you close all the loopholes. you make one rate or three rates for everyone. make it very simple. so that is, that is a loophole problem. that is not a...
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and regulation the first forty million of excise taxes under the under the amendment well actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels six thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think that's a great thing we'll see what the feds decide to do on this eric holder has been in the past very critical of similar amendments and initiatives so we'll see if they come in crackdown but the people of colorado spoken and it will be interesting to see if if we implement if we can implement it without a hitch. i don't think we have much time to get into this but i we did get to touch on it it's interesting that the banks apparently don't know what to do if they're allowed to allow marijuana growers or businesses to bank with them because they could be violating federal regulations about money
and regulation the first forty million of excise taxes under the under the amendment well actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels six thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think...
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Nov 27, 2012
11/12
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barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things headed that way? but i think eventually they will. the good news -- >> i think eventually they will. the good news is that it is more like a fiscal beach. it is not like the debt ceiling. it is not a sudden that situation. there is a bit more flexibility. but one of the issues emerging is what the attitude of richer americans will be and whether they will accept the need to pay higher taxes. you probably read, as i did today, a very interesting op-ed by warren buffett, who points out that early in his career in the 1950's and 1960's when he was making a lot of money, the tax rate was many time
barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things...
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Nov 29, 2012
11/12
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own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a repub
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread...
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Nov 26, 2012
11/12
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FBC
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest he
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner,...
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Nov 24, 2012
11/12
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they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and making it easier than to compromise? >> that seems to be what it is. it seems to be a little bit of a tactic and maybe a sop to the base. a lot of conservative republicans are worried about what they see as republicans going squishy. because you have republicans saying that they are willing to abandon the grover norquist no ta pledge. you have republicans making very conciliatory noises about immigration reform. and so the base is concerned that the party is basically just going to go along with democrats on everything. so that may have been a way to reassure conservatives that he hasn't abandoned them. pete: all right, molly. everything here seems to be continued but this is certainly one of them. while avoiding the fiscal cliff will prevent the economy from sliding down into recess
they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and making it easier than to compromise? >> that seems to be what it is. it seems to be a little bit of a tactic and maybe a sop to the base. a lot of conservative republicans are...
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Nov 26, 2012
11/12
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tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we have to show the world we're adults. the election is over. >>> to overseas now, where egypt, the country's newly elected leader there has granted himself unchecked power. it's sparking days of violent clashes and sent the country's stock market into free fall. nbc's jim maceda joins us live now. good morning to you. >> good morning, lynn. it's a critical day for mohamed morsi, a former leader of the muslim brotherhood which began on thursday when he issued the decree putting all his decisions effectively above the law. he said he was doing that to protect egypt's very slow move towards democracy from the judges and prosecutors mostly hand picked by hosni mubarak who were seen as sabotaging the process. the backlash was huge, was immediate, the past four days with national strikes, a sit-in on tahrir square and on goin
tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we have to show the world we're adults. the election is over. >>> to overseas now, where egypt, the country's newly elected leader there has granted himself unchecked power. it's sparking days of violent clashes and sent the country's stock market into free fall. nbc's jim maceda joins us live now....
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Nov 29, 2012
11/12
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FBC
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
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Nov 29, 2012
11/12
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FOXNEWSW
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credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of their monthly revenue toward their mortgage debt. it's exactly the same thing. the problem that grover and i have, he says if you do that, that's a tax increase, because the rest of it is going to go to lowering tax rates, and that's not 100% going to lowering tax rates. >> sean: if you're talking about $1.1 trillion or $1.2 trillion in revenue, that's raising taxes. people will pay more. when people pay more -- >> no. >> sean: they're no
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that...
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Nov 24, 2012
11/12
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CNNW
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a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are meant to speed up reform and achieve political and social stability. >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic for the white house. just two days ago, president obama
a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one...
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Nov 28, 2012
11/12
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FBC
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in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that's impressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more impressive. 365 electoral votes to 1703. wait a minute. that's quite a little difference . of falloff in the popular vote and a far less impressive electoral victory this year. let's look at the legislative branch, the senate, the house. fifty-five for democratic senators. forty-five will be republican. 200 democratic representatives to 234 in the house of representatives. he is down here. pretty impressive for the republicans. by the way, when you combine the senate and house there are still a lot more republicans than capitol hill then there
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that's impressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more...
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Nov 23, 2012
11/12
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FOXNEWSW
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and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and necessary things like that. why is it good? it encourages innovation, car pooling, people to kind of watch, and conserve frankly we have to think about the national security issues and conservation. >> nan: kevin, i know you don't agree with this one. >> no, i can't believe that a gas tax could be the answer to the fiscal cliff or anything else, more taxes not the answer here, and the stronger economy, but this is really a tax on the middle class, and people who drive our trucks and our car and deliver our food and everything else, this is going to tax them directly and already, as pointed out in california, over 65 cents a gallon at the tank for federal and state tax and new jersey the highest in the country and some of the states would be crushed, people cannot afford more, ta
and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and necessary things like that. why is it good? it encourages innovation, car pooling, people to kind of watch, and conserve frankly we have to think about the national security issues and...
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Nov 22, 2012
11/12
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CNNW
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the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's thanksgiving, cease-fire in the middle east. let's all just wish each other happy thanksgiving, and wish all our politicians come back and get some deals done. thank you, both, for joining me. >> thank you. >> thank you for having us. >>> this friday night, your more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelo
the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's...
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Nov 23, 2012
11/12
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MSNBCW
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so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell or high water when people are paying their taxes april 15th or is there negotiating room ahead? >> no, that's kind of exactly the point. any changes that are made once we go over the cliff will be pret throw active. when you sit down in april of 2014 to fill out your taxes for 2013, they will be taxes that reflect all the agreements that will ultimately solve this thing and i am confident that we will ultimately solve it, i'm just not sure we'll solve it on december 31st. even the withholding tables, your paycheck should actually reflect the higher taxes that set in once we go over the cliff. the
so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell...
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Nov 24, 2012
11/12
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FOXNEWSW
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obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want to talk about taxes. let's also take a look at entitlements and speppeding cuts and so far, the white house hasn't put forward anything on paper that they are willing to discuss. >> that is one of the hardcore issues here. there is an idea coming from the democrats we are going to raise taxs and off set it by raising taxings. we have a staggering economy and unemployment and we'll hit 50 million americans on food stamps and no end for that number to constantly grow even as unemployment rates went down. we are adding to people on food stamps which doesn't make sense. how do youriform th
obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want...
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Nov 28, 2012
11/12
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FOXNEWSW
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on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball. the odds are slim of swinging, 1 in 75 million but zero chance if you don't buy. people are dreaming. >> i felt my whole life i was supposed to be rip. >> pay the bills and house off. not have to work. ever again. >> i have 17 charities first. they come first. >> i want to buy a house. >> how will you spend it? >> take a day off. >> officials say this is a 75 percent chance now that someone or multiple somebodies will win tonight. rick is on long island, new york. a lot of folks there open for reversal of fortune. rick: they are. everyone here is telling
on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball....
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Nov 28, 2012
11/12
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KPIX
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will the tax deduction for your mortgage be sacrificed to fix the federal budget? nancy cordes and dean reynolds look at the proposals. elizabeth palmer shows us what a dictatorship doesn't want you to see: the ruin of a nation in civil war. and africa's mighty elephants are slaughtered for their tusks. so who's buying that illegal ivory? holly williams shows us in a hidden camera investigation. >> oh, wow. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. today susan rice had high hopes for what might have been the most important diplomatic mission of her career so far. but the u.s. ambassador to the united nations' attempt to reach agreement with republican senators today failed. rice is a favorite of the president's to be nominated as secretary of state to replace hillary clinton. if he does nominate race, she would have to be approved by the senate. margaret brennan is covering for us tonight. margaret? >> reporter: good evening, scott. ambassador rice asked for the meetings on capitol hill today in hopes of
will the tax deduction for your mortgage be sacrificed to fix the federal budget? nancy cordes and dean reynolds look at the proposals. elizabeth palmer shows us what a dictatorship doesn't want you to see: the ruin of a nation in civil war. and africa's mighty elephants are slaughtered for their tusks. so who's buying that illegal ivory? holly williams shows us in a hidden camera investigation. >> oh, wow. captioning sponsored by cbs this is the "cbs evening news" with scott...
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Nov 22, 2012
11/12
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CNNW
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the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's thanksgiving, cease-fire in the middle east. let's all just wish each other happy thanksgiving, and wish all our politicians come back and get some deals done. thank you, both, for joining me. >> thank you. >> thank you for having us. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. of pain and fever relief recommended by pediatricians try running four.ning a restaurant is hard, fortunately we've got i
the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's...
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Nov 26, 2012
11/12
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CNBC
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tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the many hot spots around the globe affecting our markets. we'll round off all of them and find out how they are affecting your money coming up next. >>> plus, one top democrat says members of his party threatening to jump off the fiscal cliff. they say, do it already! he says that's a business mistake. sandra levin joins us from capital to tell us why he thinks it's a baddied. working since i w
tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you...
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Nov 28, 2012
11/12
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FBC
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around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did in 1993. about a nickel increase each time. at that time almost doubled the gas tax. melissa: so incredibly gressive. hits the exact people they talk about protecting and that democrats talk about protecting last election. it goes right after, it hits the middle class and lower income people the hardest of course because it is incredibly regressive. let me ask you, i feel like today when i was hearing talk about trying to close this gap we're looking under every oke for more money and more tax revenue. doesn't seem like we're cutting spending very much s that the right impression. >> keep i
around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did in 1993. about a nickel increase each time. at that time almost...
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Nov 26, 2012
11/12
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KTVU
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. >> and signs of a fiscal compromise as a prominent lawmakers says he will consider a cap on taxes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. >>> oakland police tonight are trying to quail a spike in gun violence. four people have been shot and killed in just the past 24 hours. >> reporter: gunfire, flashing lights and homicide investigators that's what folks in this alan dale in east oakland woke up to just about 6:00 this morning. >> seemed like a lot of shots. i don't know probably 15, at least maybe 20. >> reporter: neighbor adam po and h
. >> and signs of a fiscal compromise as a prominent lawmakers says he will consider a cap on taxes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half....
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Nov 24, 2012
11/12
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KQED
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consumers will likely feel less well-off with coming tax hikes and spending cuts. even more reason for retailers to cash in now. >> for more on the black friday rash, i spoke a brief time ago with a bloomberg tv anger in new york. stephanie, thank you for coming in instead of doing a bit of shopping yourself. >> i am happier to be with you than wrestling at walmart. >> does this type of frenzied spending actually have any long- term benefit for the economy? >> is interesting. it is not just black friday. as was mentioned earlier, it is now black thursday, thanksgiving day, cyber monday, monday. so many of these retailers are offering incredible deals both online and in stores. they are not necessarily jacking up profitability, but they are creating a frenzy. shopping on these giving or the day after has become a cultural phenomenon. so many go out as part of a tradition and shop the next day. some folks were getting rain checks because the stores did not have enough in stock. if you compare it to back to school, back to school is something retailers have not been a
consumers will likely feel less well-off with coming tax hikes and spending cuts. even more reason for retailers to cash in now. >> for more on the black friday rash, i spoke a brief time ago with a bloomberg tv anger in new york. stephanie, thank you for coming in instead of doing a bit of shopping yourself. >> i am happier to be with you than wrestling at walmart. >> does this type of frenzied spending actually have any long- term benefit for the economy? >> is...
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Nov 22, 2012
11/12
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CNNW
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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Nov 26, 2012
11/12
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tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york. >> dana: it should be fair. should you tax food? chocolate or not? it goes on and on. >> bob: if you talk about fair, how is it fair that people that go to the brick and mortar stores that pay taxes and other people on the internet don't. >> dana: we will explain it in the break. we have to go. major power grab in egypt. susan rice blames the intel community. the anti-muslim video that we talk, he will speak for the first time. the foreign policy roundup is next. in [ male announcer ] are you considering a new medicare plan? then y
tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york....